MNI US Morning FI Technical Analysis

16 March 2018

By Kyle Shortland

Click below for today's MNI FI Technical Analysis Report -

http://tinyurl.com/pkme623

US 5-YR FUTURE TECHS: (M18) 113-31+ Support Key

*RES 4: 114-20  55-DMA

*RES 3: 114-15+ High Feb 14

*RES 2: 114-12+ High Mar 2

*RES 1: 114-09+ High Mar 15

*PRICE: 114-05+ @ 0930GMT

*SUP 1: 114-02+ Low Mar 15

*SUP 2: 114-00+ 21-DMA

*SUP 3: 113-31+ Low Mar 13

*SUP 4: 113-27+ Low Mar 9

*COMMENTARY: The lack of topside follow through in recent days is less than

ideal and sees layers of resistance 114-09+/15+. Bulls need a close above

114-15+ to initially pressure the 55-DMA and hint at a move targeting 114-27.

The 113-31+/114-02+ support region remains key. Bears need a close below 113-31+

to confirm a break of the 21-DMA and shift initial focus to 113-27+ and overall

focus to tests of 113-21 Feb lows.

US 10-YR FUTURE TECHS: (M18) 120-23 Continues To Confirm Significance

*RES 4: 122-02  Monthly High Feb 6

*RES 3: 121-08+ 55-DMA

*RES 2: 121-01+ High Feb 7

*RES 1: 120-23  High Mar 1

*PRICE: 120-19 @ 0930GMT

*SUP 1: 120-15  Hourly support Mar 15

*SUP 2: 120-07+ Low Mar 14

*SUP 3: 120-02+ 21-DMA

*SUP 4: 119-26+ Lows Mar 6 & 9

*COMMENTARY: Bulls take comfort in pressure returning to the 120-23 resistance

and look for a close above to gain breathing room. A close above the 55-DMA is

then needed to shift initial focus to 122-02. The Bollinger band top (120-19+)

remains the key concern for bulls. Layers of support are building with bears now

needing a close below the 21-DMA to ease pressure on resistance layers and below

119-26+ to initially focus on 119-14.

US 30-YR FUTURE TECHS: (M18) Above 145-08 Targets 146-01/147-07

*RES 4: 147-07 Low Jan 24 now resistance

*RES 3: 146-25 Monthly high Feb 1

*RES 2: 146-01 55-DMA

*RES 1: 145-08 Highs Feb 7 & Mar 15

*PRICE: 145-07 @ 0930GMT

*SUP 1: 144-20 Low Mar 15, High Mar 2 now support

*SUP 2: 144-00 Highs Mar 7 & 8

*SUP 3: 143-13 21-DMA

*SUP 4: 142-21 Low Mar 5

*COMMENTARY: Pressure remains on the 145-08 resistance with bulls needing a

close above to shift initial focus to 146-01/147-07 where the 55-DMA is noted

and overall focus to 148-15/149-06 where the 100-DMA is found. Initial support

is noted at 144-20 but bears need a close below 144-00 to ease bullish pressure

and below 142-21 to confirm a break of the 21-DMA and shift focus back to 141-14

Feb lows.

US EURODOLLAR TECHS: (M18) Bulls Need Close Above 97.775

*RES 4: 97.838 Daily Bear channel off Sept high

*RES 3: 97.820 High Mar 2

*RES 2: 97.775 Highs Mar 6 & 7

*RES 1: 97.744 21-DMA

*PRICE: 97.690 @ 0930GMT

*SUP 1: 97.683 Bollinger band base

*SUP 2: 97.675 2018 Low Mar 15

*SUP 3: 97.622 Daily Bear channel base

*SUP 4: 97.580 Monthly Low Nov 2008

*COMMENTARY: Bears remain focused on the 97.480-622 support region where the

bear channel base and levels last seen in Oct/Nov 2008 are noted as fresh 8+yr

lows continue. The Bollinger base is the key concern given potential to limit

follow through. In saying that, bulls now need a close above 97.775 to confirm a

break of the 21-DMA and ease bearish pressure. A close above the 55-DMA (97.873)

is needed to target 97.980-98.075.

--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com

[TOPICS: MTABLE]